Air Suspension Market by Vehicle Type, Component, Technology, & by Region - Global Forecast to 2021

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The air suspension market is projected to grow USD 3.26 billion in 2016 to USD 4.69 billion by 2021, at a CAGR of 7.54%. The global market for air suspension is driven by growing significance of higher driving comfort which has spurred the demand for luxury buses equipped with air suspension systems, and enhanced safety regulations which have forced manufacturers to come up with technologically advanced suspension systems.
Air suspension in a motor vehicle is powered by an electric or engine driven air pump or compressor. Air is filled into the air bellows/springs, made up of textile-reinforced rubber through the compressor pump. Owing to the air pressure the bellows/air springs inflate and raise the chassis from axle. The purpose of using an air suspension is to provide a smooth and improved ride comfort and quality. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Increasing demand for luxury and comfort drives the global air suspension market

The primary function of an automotive air suspension system is to increase vehicle control and comfort. Air suspension systems enhance comfort by protecting passengers from road disturbances. Vehicle control is achieved by preventing the body from rolling and pitching and maintaining better contact between the tire and the road. A good suspension system can maximize the traction between tires and road surface, provide steering stability, and enable better handling. The air suspension system employed in vehicles ensures comfort for passengers and maintains the vehicle height at desired level during the travel.  Therefore, the ever-growing demadn for luxiry and comfort drives the growth of air suspension market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Target Audience:

  • Raw material suppliers to air suspension component manufacturers
  • Manufacturers of air suspension systems
  • Traders, distributors, and suppliers of air suspension components
  • Automobile industry as end user
  • Industry associations

The following are the major objectives of the study.

  • To analyze and forecast (2016 to 2021) of the size of the OE market by volume (‘000 units) and value (USD million/billion) for the global automotive air suspension market

  • To provide detailed information regarding the major factors influencing the growth of the global automotive air suspension market (drivers, restraints, opportunities, industry specific challenges, supply chain analysis)

  • To forecast the volume and value of the market segments with respect to four regions namely - North America, Europe, Asia-Oceania, and Rest of the World (RoW)

  • To analyze and forecast the OE market segment for global automotive air suspension and forecasting of volume and value based on components (air spring, shock absorber, compressor, electronic control module, air reservoir and height sensor)

  • To analyze and forecast market for global automotive air suspension on the basis of technology (electronically controlled air suspension and non-electronically controlled air suspension)

  • To analyze and forecast the global automotive air suspension market by vehicle type (passenger car, light commercial vehicle (LCV), truck and bus)

  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape for market leaders

  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the global automotive air suspension market

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions

Major Market Developments

  • In March 2016, Firestone Industrial products developed high-performance air springs for the commercial trucking industry and also introduced new Ride-Rite extreme duty air spring kits for the light-duty market. The new Ride-Rite extreme duty kits are the company’s toughest light-duty aftermarket air spring ever manufactured.

  • In September 2015, Wabco Holdings Inc. entered into a partnership agreement to supply advanced and conventional technologies for one of Russia's largest heavy-duty commercial vehicle manufacturers. Wabco will supply anti-lock braking as well as electronic braking systems, traction control and electronic stability control, and electronically controlled air suspension, among other braking and air management products.

  • In September 2015, BWI Group has started building a brand new automotive suspension product manufacturing plant in the city of Cheb (Czech Republic). The new plant will occupy an area of about 15,000 sq. meters and at full production it will employ between 300-320 people. This expansion would make the BWI Group a more reliable tier-1 supplier.

To know about the assumptions considered for the study, download the pdf brochure
The air suspension market ecosystem comprises various air suspension system and component manufacturers such as Continental AG (Germany), ThyssenKrupp AG (Germany), Wabco Holding Inc. (Belgium), Hendrickson International Corporation (U.S.), Dunlop Systems and Components (U.K.) and Hitachi Ltd. (Japan).These manufacturers supply components to numerous vehicle manufacturers, which include BMW AG (Germany), Daimler AG, (Germany), Fiat Chrysler Automobiles (Italy) and Volvo (Sweden).

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